Matador Resources Co., whose upstream operations span the Eagle Ford and Haynesville shales, as well as the Permian Basin, reported record production in the first quarter with plans to top that by the end of […]
(Reuters) – U.S. energy firms last week added oil and natural gas rigs for a record 21 months in a row as high prices and prodding by the federal government prompted some drillers to return […]
(Reuters) – The U.S. Environmental Protection Agency issued an emergency waiver for a higher-ethanol gasoline blend on Friday, allowing summertime sales of the fuel in an attempt to help lower gasoline prices at the pump. […]
Brent crude tops $113 per barrel at the start of the week. Crude prices have recovered to levels before the March 31st SPR release announcement. Libyan outages tipped the mood to slightly bullish early on […]
ENB Publishers Note: The data we have been working on for the last 6 months indicates spikes of $185 oil price, but the long term in 2022 and 2023 look to be consistently at the […]
U.S. shale producers have exercised astonishing capital discipline in recent years. Despite calls on U.S. oil firms to ramp up production, many producers are being plagued by rising costs and supply chain bottlenecks. “Whether it’s […]
Global energy demand will continue rising by 2030, which will necessitate an additional $1.3 trillion in investments in all forms of energy, including oil and gas, to avoid a shortage of energy supply, according to JP Morgan. […]
Instead of taking steps to boost U.S. oil and gas production amid skyrocketing prices and the war in Ukraine, President Biden is standing by his green-energy goals and blaming fossil-fuel companies for the consequences. This […]
OPEC raised its oil production by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle […]
There are a number of factors that have pushed oil prices into the stratosphere, but the rally may be becoming unsustainable. Russia’s war in Ukraine has created a particularly tight oil market, and it could […]
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